Gas pipeline operator ONEOK on Sunday announced it agreed to acquire Magellan Midstream Partners in a cash and stock deal valued at ~$18.8 billion including assumed debt, resulting in a combined company with a $60 billion total enterprise value. The deal price represents a 22% premium to Magellan’s closing price on Friday. The transaction includes $8.8 billion in new equity and the assumption of $5 billion of existing net debt and would create one of the largest U.S. oil and natural … Continue reading “ONEOK Buys Magellan Midstream in $18.8 Billion Energy Pipeline Deal”